The first PPF SME Forum, which took place at the end of February, saw representatives from DB schemes of small and medium-sized enterprises (SMEs), their advisers, representative bodies and the PPF gather together to discuss a range of topics from good customer service to measuring insolvency risk.
Following a consultation launched in December on the methodology Dun & Bradstreet (D&B) use to calculate insolvency risk scores, we’re pleased to share positive feedback and upcoming changes.
Our consultation setting out our plans for the 2022/23 levy rules closed on 9 November. We’ve published our policy statement with the formal levy rules, and updated the levy estimate.
We work with scheme trustees and their advisors when a sponsoring employer is in financial distress or facing a major change or ‘event’ – such as a restructuring arrangement or potential insolvency – which might trigger the entry of an eligible scheme into PPF assessment.
There are three types of contingent asset arrangements which - providing certain requirements are met - can reduce the amount of risk-based levy your scheme will pay.� Types of contingent assets Type A: Guarantees from a parent or group companyType B: Cash, UK real estate and securitiesType C: Letters of credit and bank guarantees
The levy is made up of the scheme-based levy and the risk-based levy. Here we explain how we calculate each component.
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